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116 S Steele St 2,000 SF of Retail Space Available in Sanford, NC 27330
Highlights
- Historic two-story building constructed in 1928 with adaptable open floor plan.
- 35 feet of frontage along S Steele Street, providing excellent visibility for business signage.
- Proximity to downtown amenities, restaurants, and retail establishments for strong daily traffic.
- Positioned within Sanford’s Central Business District, fostering consistent pedestrian activity.
- On-site parking for twelve vehicles, supporting both customer and employee needs.
- Zoning supports a variety of commercial uses, enhancing long-term utility and value.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 2nd Floor | 2,000 SF | Negotiable | $20.38 CAD/SF/YR $1.70 CAD/SF/MO $40,763 CAD/YR $3,397 CAD/MO | Triple Net (NNN) |
2nd Floor
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
- Private Restrooms
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 116 S Steele St, Sanford, NC 27330
- Tenant
- Description
- US Locations
- Reach
- Ak & K Corporation
- -
- 1
- -
- Big Screen Beauty Salon
- Services
- 1
- -
| Tenant | Description | US Locations | Reach |
| Ak & K Corporation | - | 1 | - |
| Big Screen Beauty Salon | Services | 1 | - |
Property Facts
| Total Space Available | 2,000 SF | Gross Leasable Area | 4,000 SF |
| Property Type | Retail | Year Built | 1928 |
| Property Subtype | Storefront Retail/Residential | Parking Ratio | 3/1,000 SF |
| Total Space Available | 2,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 4,000 SF |
| Year Built | 1928 |
| Parking Ratio | 3/1,000 SF |
About the Property
116 S Steele St is located within the core of Sanford, North Carolina’s Central Business District and is classified as a retail storefront property. Built in 1928, this structure spans approximately 4,000 square feet across two stories and occupies a 0.05-acre parcel with CBD zoning. The site includes 12 parking spaces and offers 35 feet of street frontage. Surrounding properties include mixed-use commercial and residential developments within an established urban environment. Access routes include nearby regional thoroughfares with connectivity to US Highway 421 and NC Highway 87.
- Signage
Nearby Major Retailers
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116 S Steele St
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